FAQ s

Yes, sGHS operates under strict regulatory compliance with the Bank of Ghana (BoG), Securities and Exchange Commission (SEC), and international AML/CTF standards. We implement robust KYC/AML controls, transaction monitoring, and adhere to FATF standards. sGHS seeks licensing and undergoes supervision to become a trusted component of Ghana's financial system.

sGHS is specifically designed for Ghana's digital economy, backed by Ghana cedis rather than foreign currencies. It complements existing mobile money and banking systems while providing programmable currency capabilities that connect Ghana to the global digital asset economy. Unlike other stablecoins, sGHS maintains 100% backing with only cash and government securities, never investing in volatile or speculative assets.

Redemption is simple: send your sGHS tokens back to the issuer's smart contract where they are burned. Your linked bank account is then credited with the equivalent amount of Ghana cedis from the reserve. The system ensures 1:1 redemption at par, meaning 1 sGHS = 1 GHS always. Redemptions are typically processed within hours, not days.

sGHS is initially deployed on the Ethereum Virtual Machine (EVM) standard as an ERC-20 token, ensuring maximum compatibility with existing blockchain infrastructure and applications. This allows for seamless integration with DeFi protocols, wallets, and other blockchain services. Over time, sGHS may expand to additional networks to reduce transaction costs and enable broader access.

All reserves are held in segregated accounts at licensed Ghanaian financial institutions, bankruptcy-remote from the issuer's operating assets. The reserves are verified through independent third-party audits published at regular intervals, and real-time transparency reporting shows circulating supply versus reserves. You can verify the 1:1 backing at any time through our public Transparency Page.

sGHS enables fast, low-cost remittances, cross-border trade settlement, programmable payments, and access to decentralized finance (DeFi) - all denominated in Ghana cedis. It extends the cedi into global remittances, digital commerce, and fintech applications while complementing existing mobile money and banking systems in Ghana.

Yes, all users interacting with the issuance platform undergo Know Your Customer/Business (KYC/B) verification in line with Ghana's AML Act and international FATF standards. This includes identity verification using national ID (Ghana Card or passport), proof of address, and biometric checks where required. Risk-based tiering allows different transaction limits based on verification level.

sGHS employs multiple security measures including independent smart contract audits by leading blockchain security firms, multisignature key management for all minting and burning operations, ongoing monitoring of smart contract activity, and a bug bounty program. Emergency pause functions provide additional protection in the event of a security breach.

No, sGHS is not legal tender and is not guaranteed by the Bank of Ghana. sGHS is a privately issued digital token backed by segregated Ghana cedi reserves. While we operate under BoG supervision and comply with all applicable regulations, the tokens themselves are not sovereign debt or deposits, and are not covered by deposit insurance.